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CNBC
Dec 4, 2012 3:00pm EST
. they're not going to allow that cash signature overseas to come here because they don't want our u.s. dollar strengthened. they don't want to strengthen the middle class. that's the real issue here. >> what about these companies that aren't paying the dividend? are shareholders getting mad or angry at companies sitting on cash, not paying it out? are companies under pressure? >> michael, what do you think? that's going to come around at some point. >> it's up to a corporation to do what they want to do with retained earnings. my problem is leveraging up the balance sheet, being allured by these phoney, fake, factitious interest rates and setting up this whole with corporation, this whole company, this whole private sector for an interest rate shock that nobody is prepared for. >> michael, what are you doing with your money right now? >> well, i'm 50% in cash. i'm going in and out of lockheed martin. >> you don't get paid to be 50% cash, right? >> why don't you pay a special dividend? >> that's my prerogative. i sure as heck am not going to leverage up to send money out the book door
CNBC
Dec 5, 2012 3:00pm EST
have inesting -- investing. >> we very much do. we're about 55% in the u.s., 25% in developed non-u.s., and 25% in emerging. those emerging and developed non-u.s. numbers we pushed up back in october. >> how much risk do you think you're taking by going overseas like that? we hear people say how undervalued they feel the u.s. market is and what a mess many of those emerging markets are right now. >> it's interesting. quite frankly, a lot of the emerging markets have underperformed quite significantly in the past year. >> isn't that appropriate, though, given the fact the growth rates have come way down? >> absolutely growth rates have come down. if you look at the underlying trend in the growth rates and the pmis coming out of those countries, they probably bottomed back in the summer, probably in august and september. they're beginning to creep back up now. >> you think we'll see back to the highs in terms of the growth rates and places like brazil? >> i think we're looking at 5% to 6%. that's probably better than 2% out of the u.s. >> absolutely. >> eric, what's your best idea right
CNBC
Dec 12, 2012 3:00pm EST
may have reduced somewhat the underlying potential growth rate of the u.s. economy. it has interfered with business creation. with investment, with technological advances and so on, and that can account for at least part of the somewhat slower growth. at the same time though what, of course, what monetary policy influences is not potential growth, not the underlying structural growth. that's for many other different kinds of policies affect that. what monetary policy affects primarily is the state of the business cycle, the amount of excess unemployment or the extent of recession in the economy, and there i think we've also perhaps underestimated a bit the recession, but we've been much closer there, and i think, therefore, that we've been able to address that somewhat more effectively with quite accommodative policies. that being said, of course, we have over time, as we have seen disappointment in growth and job creation, we have obviously, as we did in september, have added accommodation, and we've continued to -- we continue to reassess the outlook. i think -- i think i
CNBC
Dec 19, 2012 3:00pm EST
have encouraging data points in china, stabilization in europe and the u.s. at 2.7% gdp growth is a little stronger to handle this, so that's why i think you want to be buying on this. >> everybody wants to buy. so many people -- you want to be bullish, but these guys in washington, and gals in washington, give you so little reason to actually be bullish. you're right. the corporate sector you know, loaded with cash, fundamentals turning positive. >> but this is the big difference from last year, last summer where the economy was so fragile. we were in such a fragile state last suggest so it was easy to tip us over. now we're a little better here in the states but a lot better in china, and a little bit better in europe. >> we've got to get to jim. >> because of the contrarian view, jim, is once we get a deal, we sell right into the deal. >> yeah, that's right. i'm going tonight skunk at the garden party here, and i'm geg going to tell you i never thought we'd get a deal. throwing rocks at each other. more likely we won't get a deal. the economy is as bad as last summer, looking at
CNBC
Dec 31, 2012 3:00pm EST
all i agree with john that the u.s. market remains fairly attractive. the thing about international is a couple things. first of all, if you look at a broad index efa is stretched to the downside than historic levels. the s&p looks attractive. the other thing is the policy mandate in places like europe believe it or not for the first time in a really long time they actually may be clearer than the u.s. >> chris, is there something about the fiscal cliff, deal or no deal, that makes you concerned about u.s. equities versus international ones? >> well, yes. but i think it's a relative concern. because i think risk assets around the world are attractively valued right now. but you're absolutely right. regardless of what sort of deal we get today or in the next three months, the fact of the matter is it will have an adverse impact next year. the question is is it going to be bad enough to throw the country into recession or not? we suspect not. and you're seeing today that it looks like a -- that both political sides have been able to find common ground on the tax issue which we think i
CNBC
Dec 14, 2012 3:00pm EST
here, and with no deal in sight, the u.s. economy is racing towards the fiscal cliff. we'll come back. we've got a top republican lawmaker telling us what she's willing to compromise on hopefully in regards to spending cuts and tax increases as part of this deal. plus, will there be a market event before the year is over because congress can't solve this budget mess? someone here is predicting one, but how bad will it be coming up? stay tuned. customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the c
CNBC
Dec 21, 2012 3:00pm EST
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CNBC
Dec 7, 2012 3:00pm EST
manufacturers. take a look at how many manufacturing jobs have opened up in the u.s. over the last three years. it's gone from 90,000 to 247,000 in october. we went down to bloomfield, indiana, just south of bloomington. we talked to the folks there at an auto parts supplier. they cannot find people for job openings, particularly for the second and third shift. some of it's a skills gap. some of it is a lack of applicants. some of it is because they've had people, brought them in, hired them, and those people have said, you know what, i'd rather stay on unemployment. >> we've had people that we've interviewed that we've agreed to hire, and at the end of the day, they've turned around and said, we're not going to take that job. we just found out that unemployment benefits have been extended. they don't take the job. >> after we first reported this this morning, i got flooded with tweets and e-mails. people saying this is ridiculous. one person wrote, $13 an hour. that's what a lot of manufacturers are starting people out at. that's about $2,000 a month. or you could get $450 to $500 a mon
CNBC
Dec 24, 2012 12:00pm EST
stronger than ever. so you've got the fundamentals of a pretty good economy in the u.s. if we don't do things that are self-inflicted but that's what we're doing. >> right. ultimately that is what we're faced with. we're faced with fiscal forces that could undo a lot of that. but rick makes a good point with the volatility. we were voting on t.a.r.p. which would produce liquidity for the market. we have the backdrop of that. so i think these initial bursts, you know, they're not going to be as volatile as that time period but i still think we could pick up steam. look, ultimately if we start a trend lower, we saw volatility after the presidential election. we saw what happened, a thousand points came off the dow at a very short period of time. i think people are being lulled into complacency starting to think, well, we don't have that. it is not like it was. it could very well be very quickly. so again, i'm not trying to cry wolf. what i'm trying to say is people should be prepared. selling is not this evil thing. this protection, making sure they have levels at which they would get ou
CNBC
Dec 11, 2012 3:00pm EST
speaker boehner making the case accepting the white house's plans would make the u.s. problems worse. listen to this. we did exactly what the president wants, we would see red ink for as far as the eye can see. that's not fixing our problem either. it's making it worse, and it's hurting our economy. >> so what's it going to take for both sides to come together and strike a deal? let's ask our next guest, congressman chris van hollen of maryland, the top congressman on the budget committee. welcome back. >> always good to be with you. i understand maria was just down on capitol hill. >> sorry i missed you. >> come on back. >> she will be back. we will all will, because we're all taking the temperature right now. how hopeful are you that you get a deal in a timely manner on this miss call cliff right now? >> well, i think there's a better than 50% chance that by the end of this month, so by december 31st, there will be an agreement, but obviously there are lots of hurdles to go before we get there. the good news is the lines of communication are open, as you've been reporting. the othe
CNBC
Dec 13, 2012 3:00pm EST
couple of things. i think ultimately, you know, u.s. domestic equities are still a place to be, still a risk-on appetite. although, like i said, there is probably a little more appetite for risk management or hedging of the flows so we're seeing interest in a lot of different areas. hedge fund replication, long/short equity strategies. a particular fund recently launched, mrgr, the pro shares merger fund, strategies like that, alternative strategies that provide you equity upside with long short protection on the downside as well. >> we were talking earlier, another down day following a fed meeting like we got in september, with you this time they are not exactly rushing to the safe havens either, are they? >> no, no. gold is o.you're seeing all of the sectors are off, reits, health care, you name it. >> what is that saying? >> in for some volatility. the vix isn't playing along but it always doesn't. i think we ought to keep the political speakers out of the game. >> are they grandstanding? >> that's exactly right. we don't have to pay attention to them. that's something we do as tra
CNBC
Dec 18, 2012 3:00pm EST
for the market. i'd rather not -- i think from a global standpoint the u.s. looks so attractive. equities are cheap in the u.s., and it's going to be just like the u.s. treasuries have been for the last five, six years, a flight to quality. you'll see a continuation flight to quality. i'm extremely, extremely constructive on the market. >> real quickly on the bone u.s. we didn't get there. >> sorry. >> some firms are actually moving the bonus payments to the end of this year to avoid the higher capital gains tax. what's your take on bonuses? >> meant to answer that. importantly whatever happens with bonuses will be no indication what happens with next year because in 2009 a lot of people were hired on contracts, so the firms are forced to actually still have higher payouts than they want to have. 2013 is going to be a much ruder awakening for salaries and total comp on wall street. >> wow. meredith, always nice you have to on the program. >> thank you so much. >> founder and ceo of meredith whitney advisory group. >> want to update you on the tragedy in newtown tragedy. danielle
CNBC
Dec 20, 2012 3:00pm EST
wasn't going to happen as a result of antitrust here in the u.s., a americaning of the two equity platforms of nasdaq and nyc. nyc kept as it, and my reporting is, let's call it september or so, right at the end of the summer, early fall, an overture was made to the nyc about a potential deal. discussions continued at that point and continued for a number of month ending with this morning's announcement from the two of them that they did in fact have a deal. fair >> david, what i'm hearing is that the cme group wanted to offer an even higher bid for the new york stock exchange. however, with this clearing agreement that the nyse has agreed to with i.c.e., that's probably not going to happen at this point, this is the deal that nyc is going to go with because apparently cme approached the ceo in the last couple of months, but it was probably too late. the nyc went ahead with i.c.e. and had been too further along. the question now, bob pisani, what happens with the other exchanges, hong kong, nasdaq? what are we seeing next in terms of the next target in the exchange space? >> well,
CNBC
Dec 10, 2012 3:00pm EST
commodity or whatever else it might be. i'd say own the entire u.s. stock market. or if you wish, with some seasoning from the emerges markets or the developed markets of the world. own the market, if you will. because that way you know you will capture almost all the market's return. you will not capture the market's return if you trade with one another because of that hump taken out of your market by wall street. >> do you have some specific advice for our viewers going into 2013? how would you invest for 2013? >> i would invest in 2013 the same way i did in 2012. and i'd invest the way in 2014 the same way in 2013 sfp. >> so the same thing is going to work over and over again? >> there are a lot of things that are going to surprise us in any period. always do, always have, always will. but if we just hang in there, get our asset allocation right, you're going to want some bonds. even at today's terrible interest rates. so today i'd lean toward corporate bonds or corporate bond index rather than government bonds. but some bonds, some stocks, general rule of them more bonds and
CNBC
Dec 6, 2012 3:00pm EST
the u.s. zynga could be sitting on a gold mine if even a few percent of its monthly poker players gamble. even if online gambling does become legal, all the big casino owners would pose some very steep competition. bill and maria. >> indeed. julia, thank you. despite today's gains, shares of zynga still plummeting this year, losing some 70%. does this news change the outlook? let's start talking numbers on zynga today. on the technical side, mark newton with grey wolf execution partners. on the fundamental side, paul hickey. does this make you want to buy the stock? >> not really. the biggest hang-up is the valuati valuation. for growth stocks in general, when a valuation isn't always a hang-up, but the problem with zynga is by most metrics, its growth is either slowing or declining. it doesn't seem to justify that high valuation. >> all right. mark, let's look at the chart. what does it tell you? what about this button-hook rise? >> technically, bill, the stock it starting to look better to me here, actually. if you look over the last nine months, the stock has dropped over 86% f
CNBC
Dec 28, 2012 3:00pm EST
out of this in terms of the longer term health of the u.s. they are incapable of it. >> you're thinking ahead, todd? >> look at the spending cuts, 25% of gdp comes from government spending, historically it's 20 it is. if there's a cut in government spending, where is the lift coming from, consumers, investment? therefore, the u.s. economy, we're on fragile ground right now. >> short term, sarge, this market held hostage minute by minute by the developments out of washington. >> yeah, sure, if we don't see any kind of compromise whatsoever, you'll see this s&p 500 trading in the 1360s next week. i think you'll get a short-term deal, address some of the issues, not really solve anything, kick the can down the road much like they do in europe and get your mild positive reaction going into the jobs data on friday. >> do you think we get a definitive move in this market one way or the other with some announcement out of washington, or is this market just so tired of all of the developments there? what do you think? >> well, there's still a risk-on trend, and if they kick the can dow
CNBC
Dec 26, 2012 3:00pm EST
and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail man picks it up. i don't leave the shop anymore. [ male announcer ] get a 4 week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again. >>> well, we're getting numbers in. turns out retailers saw the weakest holiday season since 2008 hurt by bad weather and more uncertainty about the rising tax increases that could come next year. we're wondering if the concerns will continue to keep shoppers from spending into 2013. >> let's ask our guests. ladies, thanks so much for having us. i nearly said thank you for having us. thanking you for coming on the show. stacy, here we are day in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fisca
CNBC
Dec 3, 2012 3:00pm EST
that down around 85 day supply. bmw and mini are on track to post best u.s. sales ever. today they increased 39% for the month of november. shares of automakers, despite positive news from ford, they were all down today. so, that's the latest with the automakers. by the way, we're expecting the monthly sales pace to come in above $15 million. we'll get that number here shortly. >> interesting story there. a lot of numbers moving up. thank you, phil. we've seen the sales numbers, but what about the stocks. how do you invest in this group? which automaker could have your portfolio shifting into high gear? we start talking numbers right now. looking at versus ford. carter worth, fundamental, steve cortez, always nice to see you. carter, check it out. tell me about the charts and the technicals. what do the charts tell you, gm versus ford. >> the first chart is a comparative chart, just that, gm versus ford. very clear optically, 75% correlation. the truth is, we like them both. they're both bottoming out, if you will. they're both heretofore weak stocks improving. each has acted very
CNBC
Dec 17, 2012 3:00pm EST
some point the u.s. economy can saturate in terms of iphone 5 sales. we need growth to come from emerging markets. and android is dominating that market. and most are developing content for android first. you look at the asian market which is going to be the pillow of growth long-term. and its apps are going to be inferior to what android is pumping out. once we think samsung and the chinese will outperform apple. >> and what about that, brian? there's plenty of competition as maria points out in the phone business, the tablet business. especially when you consider the price point that they put on their ipad mini. it was much higher than people were anticipating. so does that mean that amazon and google can make more inroads there as well? >> well, we think maybe that apple left some of that business on the table that price sensitive customers will turn towards google and amazon. but we think the ipad mini is good profitability. we thought it would cannibalize larger ipad. now we think they're equivalent. but in the smart phone space in general, we do see a lot of competition fro
FOX Business
Dec 14, 2012 3:00pm EST
allies did not even come close to this, the launch of the iphone four in the u.s. when people waited all night long, lines wrapped around entire city blocks. apple, of course, fourth of $700 per share. the stock is down 28%. certainly bear market territory after the stunning job. what does this matter? well, there is a trickle-down effect suppliers, look at all these guys. all taking a hit. the concern is that weak demand for the iphone or at least the perception of it. the perception of it. and the new ipad many cannibalizing sales of the regular size type at. a lot of you either on apple or the funds or indices that have that as part of it. so is apple writing? we decided to bring into top experts. senior technology analyst. and managing director and head of equity director. i can't believe value of the trading for. >> only for you. liz: thank you so much. all right. people not exactly tripping over themselves in china. you know they have been kugel the night for all apple products. what is going on? a massive meaningful shift? >> competition has arrived. you are seeing competitive
CNBC
Dec 14, 2012 4:00pm EST
buy some u.s. companies with china exposure. buy some great dividend payers and growers and buy some companies with phenomenal balance sheets. that's what you want to do for this year. >> ben willis, you like this market here? >> i do, a perfectly normal correction. buying the dip has definitely paid off. i'm not afraid of it. i do believe that the rally is built in for the expectation that there is going to be a positive conclusion in washington. the downside is not if there is not a vote to settle it. >> thank you, guys. see you later. have a good weekend. that's the first hour of the "closing bell" with the dow down 40 point. here's the second hour now with bartiromo. >>> hi, everybody. good afternoon. welcome to the "closing bell." i'm maria bartiromo. this market closing lower on this day of national tragedy. we'll have the late on the senseless school shooting in connecticut in just a moment for you, but, first, take a look at how we're finishing the day on wall street. declines on the market. once again worries about the fiscal cliff going into year end. the dow jones ind
CNBC
Dec 10, 2012 4:00pm EST
in the u.s. is a big import to the rest of the world. stock markets are supposed to be leading economic indicators. if you look at the markets around the world from the last several weeks to months, the markets seem to be indicating just the opposite. they seem to be indicating that a deal will get done. what kind of deal whether it's one stage or two stage, nobody knows. but the fact of the matter is the equity markets tend to look three to six months out. they're giving good signs around the world. in europe, asia, emerging markets and here in the u.s. what i'd be doing is sitting on a well structured portfolio regardless of what the economic outcome is. well diversified across markets, across countries. some emerging large caps. most importantly dividend growers. i'll have a bit of exception with your last guest. i think this is a much more global story. i think a lot of backdrop in europe and china has some improving trends in it that are behind this. >> if the market is such a great predictor, tell me where it was in beginning of 2008. then we had a total collapse. so i do
FOX Business
Dec 5, 2012 3:00pm EST
it is the worst performer of the dow jones industrial. looking at the fickle number, what about u.s. stocks against other opportunities read >. >> all of a sudden up nicely, i think they have been whacked and a goodbye right here. >> they are not transparent enough. many are swirling around, you're okay? >> never you own a monopoly, they don't like to make compromises. liz: december 14 visit 14 is a. >> they are due to get the iphone. liz: what other areas do you like with china? if people are concerned about whether we will see more of a slowdown, what is your number one moneymaker? >> the telecom of australia. the reason they say that is a 6.5% dividend. which is great, up 30% this year. let's say it does nothing over the next four or ffve years and you're collecting the dividend rising at 4% per year, you look at the compound rate, it is 8%. maybe even more. liz: you still have time to be a shareholder of record. >> absolutely. you look at the point of view of other areas to invest. you can own internationally by having u.s. companies. invest internationally would be a theme i th
CNBC
Dec 12, 2012 4:00pm EST
and what that will do for u.s. exports and u.s. firms, but number two, the uncertainty that small businesses in particular face and their reluctance to expand. on the one hand we think it's a little better growth than we've seen, but we think the uncertainties that smaller businesses in particular face is going to keep a lid on growth, and so what we see is an extension of the rather slow-growth environment had a we've seen that will help propel equity prices higher but not dramatically over the next year or two. >> bob pisani likened the fiscal cliff to y2k, and it is to a certain degree, at least in terms of decision and hiring and that kind of thing, it's creating some kind of paralysis. you talked to the traders here on the floor of the stock exchange. is it creating paralysis for them as well? they are not making any big bets until they know what happened. >> y2k created a lot of talk but didn't have impact on the stock market. i was here for that. the fiscal cliff has more impact, and it did today. i watched what the markets are doing today. today when bernanke was on, i saw
FOX Business
Dec 26, 2012 3:00pm EST
the u.s. dollar hit had a two year high against the japanese yen appearing the japanese are printing money, but gold is stuck in a range right now. why is that? >> well, normally, in a time like this, you see it be the flight to safety. ashley: yeah. >> we're seeing the euro dollar. everybody's going there because there's no negative news. hang on to your hats for the gold. i believe we'll see it getting to 1680 week's end and tach that 1700 mark. again, everybody's worried about the two letters, "fc," fiscal cliff, and pulling from the u.s. dollar, the yen is pulling back, the new regem that's in there, they are doing what they need to do, and nobody's going to gold right now. silver is sneaking up slowly, above the $30 range. we'll see that take off. reason for that is we look at china. china's economy is turning the corner. that's also helping with what you folks talked about earlier in the crude oil. see how it plays out. even though it's a light volume week as far as trading -- ashley: still, though, a downward trend with the chart. what's the story with silver? >> well, you saw
FOX Business
Dec 11, 2012 3:00pm EST
international markets it plays strong. that's the reason we went to the expense of converting it n. if the u.s., we wanted exposure. we have an agreement with warner brothers because of their investment in hobbit and marketing of it that there's a certain period of time we have to play it for so we counterfeit it in here. i heard great things and looking forward to seeing it. liz: great season, coming up, and a great 2013 with star trek and superman, looking forward to it, rich, thank you so much. >> thank you, liz, see you at the movies. liz: you bet. presales better than expected for with the the hobbit," and we are gaining ground here. we'll be right back. ♪ e in hong ko. tdd#: 1-800-345-2550 after that, it's on toermany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-80345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control cause i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local cu
CNBC
Dec 4, 2012 4:00pm EST
exhausted the growth potential in the u.s. their growth is coming from other countries. right now they're operating, believe it or not, in 51 countries outside the u.s. they have about 30 million paying subscribers. they don't have enough content. the content that they've just acquired the rights to through disney is a real show stopper. it puts them miles ahead of the competition. amazon, hbo go, hulu, which disney owns a part of. >> julia, what's your take on this? >> the interesting thing, maria -- >> maria -- >> wait a second, julia. i'm sorry. what were you saying, porter? >> the interesting thing about this transaction is no price or terms were mentioned. the deal could actually be pretty close to the market cap of netflix, which is $4.8 billion today. >> i see. julia, go ahead. >> maria, i think a key thing to point out here is that netflix is now getting movie content in the same window as premium cable chabls used to get it. we're talking about hbo, showtime, stars. those were the three channels that had exclusive access to premium movies seven to nine months after they w
CNBC
Dec 7, 2012 4:00pm EST
much uncertainty in washington. we do have slowing economies in europe and in the u.s. >> right. david, what do you say right now? break the tie for us. >> break the tie. in the near term, there's an epic tug of war between extremely aggressive monetary easing and just total disdain for what they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks that i think that still can be a positive catalyst for stocks relative to traditional bonds over the next 12 months. >> i'm going to push back a little bit on that. >> i'm going to break the tie in ralph's favor. >> david, i want to push back a little bit on that. in terms of -- like, is the fed really that much of a factor these days now in terms of keeping the market afloat? >> absolutely. >> it's not losing its bang for its buck? >> it's not as powerful as it was in the fall of 2008 or even 2010, but when you consider that, u.s., long bonds, 1.5%. short-term interest rates, zero. negative on an inflation adjuste
CNBC
Dec 27, 2012 4:00pm EST
reconvenience on sunday meaning. mary thompson is at the big doi. the dow staged and pulled lower today by u.s. senator harry reid and the idea that the markets would send the markets higher in late trading and even though the gains latt in the kay were trimmed. mitch wok nell tock to the fleb vp strategy. the weaker performers were financial, materials as well as utilities among the sectors offsetting late-day games we saw in discretionary and staple stocks low on initial consumer sentiment and the cliff. home builders today finished something very good. november home sales for strong continue once again. of course, now all eyes to this weekend to see what hang will done about the cliff. back to you. >> if, at all. thank you, mary. housing is clicking on all cylinders right now. home prices up nearly 7 boston this year making it the first yearly gain we've seen in housing six 2006. that's unbelievable. >> it is unbelievable. >> look the november numbers. 14.5% jump in existing home sales. mary mentioned the 15% increase in new home sales. mortgage rates still close to all-time lows right now.
CNBC
Dec 5, 2012 4:00pm EST
right place to be once they settle this thing. the third and the most important thing is the u.s. economy is the most vibrant, adaptable, innovative and creative economy on the planet. i think that means we're coming out and starting to see that in many sectors today. we're bullish and think you need to look at this on a positive frame. >> maria, i'm less bullish than that. that sounds very optimistic. i would love to believe that, but if you compare valuations of equities versus bonds, yes, there's a huge spread right now, but that doesn't necessarily make equities really cheap. it's just a relative trade. i think, also, yes, we're a vibrant economy. we certainly are a strong economy. i think it's really unsustainable, the level of debt that we have in this country. we have $1 trillion in debt. i heard an incredibly succinct way of describing this. rick santelli actually said it this morning about how you can't say you're cutting $800 billion when really $80 billion is really from wars that are just going away. that's not really a cut. that's taking away the addition. i think yo
FOX Business
Dec 19, 2012 3:00pm EST
it from the 1990s perspective, u.s., two and a half, 3% growth is pretty good growth. you have to look at it and balance is based on those perceptions, and japan will do pretty good the next couple of years. liz: when you start to look at exactly what he said, looking for the next opportunity, and with the young weaker against the dollar, you're seeing a possibility they could upgrade exports. >> i definitely agree. liz: you go to electronics or insurance companies? >> it is a little bit hard because there is still a balance sheet issues. electronics and technologies are still the place to be. liz: any chance we look at a fiscal cliff that is so bad that we dip back into recession? are you modeling that at all? >> i don't think so. you've already seen a little give and take, getting closer to the middle, so there will be a deal done even if it goes into january it will not be that big of a deal. cheryl: youliz: your response? don't go all in into anything. liz: you feel a percent or 9% is a real possibility? that is just dead money, isn't it? >> the risk is in the asset reports, s
FOX Business
Dec 10, 2012 3:00pm EST
economy. it could go for a price of $1.6 billion. valuing them at double the price of u.s. print properties on a per point. whether ceo plays on march in the print business. rival to bloomberg and pearson said to be a possible bidder. our boss, rupert murdoch might did. @e is busy spinning off the "wall street journal." liz: the terminal sales, for those who don't know, the terminals they ar that are cove, great moneymaker. those sales are not what they used to be. >> more and more data available on the internet. they are buying up properties and buying up talent like crazy. like an old tarzan film. liz: all of us liked it, we don't have to look and find where the articles continue3 because they don't. >> brevity is key. liz: thank you very much. the closing bell ringing in 29 minutes. good to guess the biggest hit in risk the world economy and financial markets, what would you choose? this matters so much to your monies we thought we would bring in nobel prize winner who won for spotting exactly that type of stuff. he won the nobel prize in economics and he says three potentiall
FOX Business
Dec 4, 2012 3:00pm EST
before the end of the year. if the u.s. goes off of the fiscal cliff, their budgets, each of the state you live in would run amok especially the comes to funding everyday programs and running the entire state. last week during the governors on the edge series that is exactly what we addressed as we spoke with a number of state governors on this important issue. >> one thing we want to make sure people in washington understand is if all that is done is a cost shifting from the federal government to the state, it doesn't accomplish much because states are not in a position to pick up the extra costs. >> speaking as governor of the stage we execute. we have to get things done. unfortunately congress doesn't. they can throw rocks at each other and leave it for another day and kick the can down the road. governors have to get things done today. we would hope congress will watch the governor's listen to the states. i think we can help him find compromise. liz: governor mark l. will be on neil cavuto tonight at 8:00 p.m. eastern. you cannot miss that interview. see what he has to say ab
FOX Business
Dec 18, 2012 3:00pm EST
commodities. gold dropping precipitously. the u.s. dollar, now a dollar 302 by the euro. six months ago. this was more like a dollar 25. deming, the dollar has done really week of the last rebel days, has it not? >> i am really shocked at the euro is doing as well as it is. somewhere down the line there will have to ease. it has been doing this as the whole time. has a lot to do with the fed meeting last week. the special -- perpetual qe and is not doing anything to help the ballot right now. liz: in the end you do want a strong dollar. i know some big multinational space to the u.s. that not only won a weak dollar to make our products cheaper, but i'll talk to carlos about this in a minute. let me get to that nymex. obviously whale is an interesting play, but i you guys talking a lot about this gold price behavior? this is really weird. >> well, it is tied in w dollar. so many people leading the same way. all the sudden you start to see it. stocks got hit and people start to panic. you basically have people that look in to say, you know, this dollar is going to get smacked. the rev
CNBC
Dec 19, 2012 4:00pm EST
which we believe are in the u.s. big -- cap with big brand names with great fundamentals, and they are right here in the u.s.? make that the last word. the bell is ringing. maria will pick up the second half of the "closing bell" in just a moment. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp f
FOX Business
Dec 21, 2012 3:00pm EST
are looking at is the u.s. dollar. where is that coming from? we are seeing a lot of movement now. i anticipate a lot more movement in the next week and a half. before the fiscal fiscal cliff does happen. i wasn't going to happen. the market is going to be watched closely. we will see the main people pulling back. but what we are also seeing his precious metals. all kinds of issues down in south africa, the mining of the gold, more demand for gold and silver now. i'm of the major things like russia and others are buying back into the goals. we will see these come back out. the other currencies. particularly the town of the euro coming back down. the industry will continue to pull down. we are waiting and waiting. nobody can make a decision. liz: while everyone is sitting there, people making money. you make a great point about how cool came back today by $11. it may just be the worst quarter since 2008. allen, hairy, we do have some movement going back right now. what happens next week when trading is really sort of marginal at this point? >> well, what we saw last night was crude
FOX Business
Dec 12, 2012 3:00pm EST
somewhat the underlying potential growth rate of the u.s. economy. it has interfered with business creation, investment, technological advances and so on. that can account for part of the growth. at the same time, what monetary policy influences is not potential growth, not the underlying sexual -- many different kinds of policies affect that. what monetary policy affects primarily is the state of the business cycle, the amount of excess unemployment or the extent of recession in the economy. there i think we have also perhaps underestimated a bit the recession, but we have been much closer ritter and i think therefore that we have been able to address that somewhat more effectively with quite accommodative policies. that being said, we have over time as we have seen disappointment in growth and job creation we have obviously as we did in september added accommodation and we have continued to reassess the outlook. it is only fair to say economic forecast beyond a few quarters is very difficult. what we are trying to do is create a plausible scenario which i think is reasonably like
CNBC
Dec 26, 2012 4:00pm EST
coming up. >>> time to today's today's close with this. gift card in the u.s. are so lop lar that if you lied the cars sold last year ent to ent, they would total just how much? we'll tell you nicks. to the best vacation spot on earth. (all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this
FOX Business
Dec 6, 2012 3:00pm EST
company saying we're going to bring back manufacturing to the u.s., he's finally giving interviews, but nonetheless didn't really do that much for the sttck, did it, nicole? she's on the floor of the new york stock exchange looking at a whole bunch of names. >> reporter: that's right. we were talking about akamai earlier and the demand for
CNBC
Dec 3, 2012 4:00pm EST
become wealthy. let's go through the numbers. the u.s. has around 5 million millionaires with a total net worth of $18.8 trillion according to insight in london. if we go off the cliff, next year the population of millionaires would drop by 315,000. their fortunes would drop by $240 billion. if we get a deal but it's bad for the economy, the millionaire population would drop by 26,000 millionaires. if we get a deal and it's good for the economy, millionaires would grow by 230,000 and their fortunes would soar by $1 trillion. yo under score the cost of the cliff, if no threat of a cliff at all, the number of millionaires would grow by 443,000, a 9% increase. the difference between no cliff and going over the cliff is more than 750,000 millionaires, or about $1.3 trillion in worth, the gdp of canada. i'm looking at the impact of economic growth on millionaires, not attacks which could reduce that growth but a cliff deal alone could be worth $1 trillion in new wealth and new millionaires. another reason why the folks in washington should keep on talking. >> really interesting stuff. so, whil
CNBC
Dec 6, 2012 4:00pm EST
sandy, after a hit for them. those stocks up. u.s. airways up. southwest has been on fire recently. finally, the insurers. first down day in a long time. in the last couple weeks, generally all of them have been to the up side. this is the first down day in about two weeks. back to you. >> thank you so much, bob. >>> watch out for year end window dressing. we're not talking about the lovely holiday displays. we're talking about what some money managers do to their portfolios to drum up better returns. >>> then -- >> we relied on audited financials. not exactly brand x accounting firm. >> hewlett-packard ceo meg whitman putting d, liotte in the line of fire. the ceo will sit down with us. >>> finds out from the ceo of ppr about what he's expecting for christmas. you're watching "the closing bell" on cnbc, first in business worldwide. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a
FOX Business
Dec 7, 2012 3:00pm EST
. congress had trouble putting together a deal. now the u.s. may be heading for the fiscal cliff. what does that mean for you and your investments? we have the jobs report today for a brief moment. we weren't worried about the fiscal cliff. now, we are back. what do you make of it? >> the jobs report was okay. there are some signs of very modest improvement in jobs. the good news is we have not really lost momentum and i will put that in the victory column. from a very short-term perspective, it is the fiscal cliff that is on everyone's mind. consumer sentiment is starting to decline. that suggested everyone seems to be focused on the fiscal cliff. when you are focused on uncertainty, what do you do, you do nothing. those are the major implementations for the economy. cheryl: i can hear the hesitancy in your voice. a lot of our guests are saying the same thing. they are afraid of what washington will do or maybe not do. your outlook is a bit more bullish than some of your colleagues. what are you saying in the second half of 2013 that others are not? >> on a very short-term basis, we have n
FOX Business
Dec 31, 2012 3:00pm EST
, walmart in there. now let's go to another name that you say is a great u.s. play, on china stabilizing and growing. >> yes, and that's starbucks. starbucks a great american company. everybody needs a good cup of coffee. in china there is only one starbucks for every 1.9 inhabitants, can you believe that when we have one basically on every corner? [laughter] so there's tremendous opportunity there. you've got the tea growers in china, a lot of them are now switching to coffee because of starbucks, so that's a double play for you. liz: wait until they find out what a frappucino tastes like. >> oh, look out, china. liz: two pharma companies, what do you think are the big names here because we're all getting older, and we all need new medicine. >> we're going to be buying a lot of pfizer especially and bristol-myers. those are the two picks we have. pfizer is around 24, $25 a share, bristol-myers about 31. and they have in common a new blood-clotting drug, and everyone's very, very excited about that. bristol-myers developed it, and pfizer will be marketing it. so we hi there's huge opport
FOX Business
Dec 3, 2012 3:00pm EST
, but then the u.s. isf number hit at 10:00 a.m. eastern and a wave of selling. manufacturing activity contracted in november. they say the factory index came in at 49.5 in november. down from almost 52 and october. keep in mind, any number below 50 means contraction. above 50 equals expansion. investors are still worried about tax treatment and dead deals. exelon, the worst of the bunch our first guest has seen it all. the u.s. economy they fall into a recession next year even if congress strikes a budget deal by year end. joining us from stanford, california, martin feldstein. thank you for being with us. the republicans now responding. negotiations well underway to avoid a fiscal cliff. to your point, you recently said, even if we reach a deal, the economy is still at series risk of a recession. >> that is right. we are looking at and economy that is very weak. growth was very disappointed. less than 2% real gdp growth in 2012. we will be struggling to achieve that next year, even without hitting the economy with more fiscal bad news. if we go over the cliff, it is really a major do
FOX Business
Dec 27, 2012 3:00pm EST
talks and looks like the u.s. is heading for the so-called fiscal cliff. he compared it to the ball dropping on new year's eve dropping on times square more ominously. more from the nation's capitol. in terms of industry groups and what is not working we start with financials. they're the biggest drag. money center banks like bank of america down 1 1/4%. goldman down 1%. morgan stanley down .8 of a percent. all those stocks are under pressure. tech stocks notably weak. apple inching to the round 500 dollar level. down to 510. it was north of 700 when iphone 5 came out early september. so the bear market continues to apple. as you can see, google also down, down about five bucks on the day. ibm down slightly a .10 or two. hewlett-packard off today, down one 3/4%. coming up later we have a contrarian investors sees big opportunity for hp in 2013. he nailed down the move in bank of america this year. he said it was the stock to buy. he was right. stick around for what he has to say about hewlett-packard. interesting stuff. what an interesting day. let's look to the floor show. traders
FOX Business
Dec 28, 2012 3:00pm EST
: closing bell ringing in 50 minutes, if the u.s. is over the fc, the fiscal cliff, what do you do with your money other than put it under the matress, suck your thumb, and curl up in the fetal position? one telling clients to stay in equities in the u.s. and overseas. find out where she put money to work and how to keep your cliff protected. how many times can i say ""liff"? that's all next in a fox business exclusive. ♪ [ malennouncer it's tt time of year again. time for citi price rewind. ecause your daughter really wants that pink castle thi. and youealldon't want to pay morehan you have to. only citi price rewind automatically searches for the lowest price. and it findone, you get rended the diffence. just use your citi card and register your purchase online. have a super spary day! ok. [ male announcer ] now all youeed is a magicarriage. citi price rewind. start saving at citi.com/pricerewind. ashley: barnes & noble spreading holiday cheer to investors. they could use it. the stock is jumping up 5%, making it our power mover of the day. let's go to the breaking news. the white h
FOX Business
Dec 17, 2012 3:00pm EST
market. we are convinced that u.s. housing has bottomed. on five years of inventory, that has been worked out. mortgage rates are so low. that helps consumer sentiment so much. we are very positive on the market and, if in the next few days, next few days, there is a correction because a compromise is not met, and, i promise you, no one will like the compromise. liz: does that mean it is successful if everyone is a little unhappy? >> exactly. exactly. liz: if you are going all out assertive, what are you buying? >> we are buying a lot of companies. our portfolios have about 60 to 70 stocks in them. liz: are you up for the year back yes. definitely. definitely. we are around 13%. liz: what is your favorite investment right now? what do you like right now? >> the best way to stay fully invested is to have a good hedge from high quality bonds. barry, ironically, we are still buying bonds as well. muniz, yes, in most cases. tax-free in a simple security. you can very easily by high-quality single-a, aa or higher that have lots of good joyce's. liz: longer or shorter duration? >> shorte
CNBC
Dec 31, 2012 4:00pm EST
? >> absolutely it does, bill. and it has the last two months. we've seen a marked retreat from u.s.-based investments after u.s. centric holdings, the s&p 500 showing strong leadership in the first ten months of the year. what we've reason seen is now foreign markets picking up the slack. so i would say when we look into 2013, the opportunities most likely exist outside the united states, not in the u.s. >> outside of the united states is a large geographic area. can you narrow it down for us? like asia, europe, emerging frontier, what is it? >> of course, mandy. and that's part of the asset selection you have to do. for us one of the best areas we've seen has been in emerging market debt. it started out many years ago with the bricks and recently we've moved in the last five or six years to the n-11. by looking at those markets where we can have sovereign debt and corporate debt and relying on a good fund like the fidelity emerger. >> peter, i'm interested in what is going to be the key driver of the markets overall. i'm kind of sick of politics being the driver. right? because it
CNBC
Dec 13, 2012 4:00pm EST
here and what that does for u.s. manufacturing. technology, mobility, u.s. manufacturing and energy, that's exciting stuff. international, we think it's really looking inexpensive, especially emerging markets. >> all right. got to leave it there, gentlemen. real exciting stuff. appreciate your time and we'll see you soon. thank you guys. >> thanks, maria. software-maker adobe out with the fourth-quarter members. jon fortt outside adobe headquarters. over to you. >> reporter: hey, maria. looks like adobe has a beat on the top and bottom lines which might be seen as a bit of a surprise. it looked like the street was looking for 1.1 billion. adobe turns in 1.15. i was looking for around 56 cents in -- in proformo eps, and we've got 61 cents, i believe. now, what's particularly -- yeah, 61 cents non-gap. what's particularly important about that is adobe is adding creative cloud subscriptions at a really fast clip, around 10,000 a week. that's up from 8,000 the quarter before. that has some negative impact on revenue because they are not getting that big pop in software revenue that they
FOX Business
Dec 24, 2012 12:00pm EST
the worst performing u.s. stocks today even though the drug developer got fda approval friday for mental health treatment drug. analysts say ther this seems toa disconnect between the realities of approval from the fda and exactly what that means. shares are down nearly 14% after having just jumped 50% in five weeks. shares are down more than 30% this year. there's been a wild ride to say the least. let's send it over to david asman and lori rothman. david: thank you very much. the market is down once again the end of a trading day. a quick trading day today because ending at 1:00. some very interesting movement of individual stocks. lori rothman. lori: merry christmas, everybody. david: talk about retail, everybody is talking about retail. we will be talking a little bit later on with adam shapiro following it directly, but jcpenney, everybody was assuming their model isn't working, we don't understand how the discount works, but the stock took off today down a little bit but at one point over 4%. speaker that is because they basically said they are doing a lot of promotions at j
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